Education Trust, Inc.
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202-293-1217
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1501 K Street NW, Suite 200
Washington, DC 20005
Organization Details

Fiscal Year

No current fiscal year information is available at this time.


Organizational Budgets and Other Documents

Ed Trust FY23 Budget 2023
Projected Budget 2021

IRS Letter of Exemption

IRS Letter of Determination 1996

Detailed Financials

Revenue and Expenses
Fiscal Year202320222021
Total Revenue $28,594,144.00$51,106,764.00
Total Expenses $26,204,976.00$24,236,838.00
Revenue Less Expenses ($-0.00)$2,389,168.00$26,869,926.00

Revenue Sources
Fiscal Year202320222021
Foundation and Corporation Contributions $0.00$0.00
Government - Federal $0.00$0.00
Government - State $0.00$0.00
Government - Local $0.00$0.00
Government - Unspecified $0.00$0.00
Contributions, Gifts, and Grants $27,434,433.00$50,160,680.00
Indirect Public Support $0.00$0.00
Earned Revenue $1,103,569.00$604,853.00
Investment Income, Net of Losses $123.00$250,791.00
Membership Dues $0.00$0.00
Special Events $0.00$0.00
Revenue In-Kind $0.00$0.00
Other $56,019.00$90,440.00

Expense Allocation
Fiscal Year202320222021
Program Expense $23,146,131.00$21,124,337.00
Administration Expense $2,398,206.00$2,469,989.00
Fundraising Expense $660,639.00$642,512.00
Total Revenue/Total Expenses 109%211%
Program Expense/Total Expenses 88%87%
Fundraising Expense/Contributed Revenue 3%3%

Top Funding Sources
Fiscal Year202320222021
Top Funding Source & Dollar Amount $0.00Contributions, Gifts, and Grants
$27,434,433.00
Contributions, Gifts, Grants
$50,160,680.00
Second Highest Funding Source & Dollar Amount $0.00Program Revenues
$1,103,569.00
Program Revenue
$604,853.00
Third Highest Funding Source & Dollar Amount $0.00Other Revenue
$56,019.00
Interest Income
$250,791.00

Assets and Liabilities
Fiscal Year202320222021
Total Assets $60,384,663.00$59,287,240.00
Current Assets $29,630,859.00$46,252,504.00
Long-Term Liabilities $0.00$0.00
Current Liabilities $7,592,375.00$6,752,164.00
Total Net Assets $52,792,288.00$52,535,076.00

Endowment Info

Do you have an endowment?

Yes

What is the value of the endowment?

$23,882,869.00

What is the spending policy for your endowment?

Percentage

Capital Campaign Info

Are you currently in a Capital Campaign?

No

Solicitation Permit Info

State Charitable Solicitations Permit

Yes

Permit Expiration Month

December

Permit Expiration Year

2023

Solicitations Permit

TN Charitable Registration Renewal

Form 990s

Form 990 2021-2022 2022
Form 990 2020-2021 2021
Form 990 2019-2020 2020
Form 990 2018-2019 2019
Form 990 2017-2018 2018

Audit Documents

Audited Financials 2021-2022 2022
Audited Financials 2020-2021 2021
Audited Financials 2019-2020 2020
Audited Financials 2018-2019 2019
Audited Financials 2017-2018 2018

Foundation Staff Comments


Financial figures taken from Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Form 990 was prepared by Aprio, LLP. Comments provided by Nicole Rose 04/18/2023.